Marvell Technology Group Company Profile (NASDAQ:MRVL)

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Thursday, June 15th. Stockholders of record on Wednesday, July 5th will be paid a dividend of $0.06 per share on Friday, July 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, June 30th. View Marvell Technology Group's Dividend History.

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its quarterly earnings data on Thursday, May, 25th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.04. The company had revenue of $579.18 million for the quarter, compared to analyst estimates of $570.72 million. Marvell Technology Group had a net margin of 6.19% and a return on equity of 7.96%. The firm's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, August, 24th 2017. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group updated its second quarter earnings guidance on Thursday, May, 25th. The company provided EPS guidance of $0.26-0.30 for the period, compared to the Thomson Reuters consensus estimate of $0.25. The company issued revenue guidance of $585-615 million, compared to the consensus revenue estimate of $591.97 million.

21 brokerages have issued 12-month target prices for Marvell Technology Group's shares. Their forecasts range from $11.75 to $23.00. On average, they expect Marvell Technology Group's share price to reach $18.29 in the next year. View Analyst Ratings for Marvell Technology Group.

Here are some recent quotes from research analysts about Marvell Technology Group stock:

• 1. According to Zacks Investment Research, "California-based Marvell has outperformed the broader industry over the last one-year. Though the macro headwinds and stringent regulations might put the company's financials under pressure in the near term, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. This will be supported by growth from the company’s wide range of newly-launched IoT solutions. Also, the company’s recent restructuring initiative will help Marvell improve cloud infrastructure and applications, which are expected to drive the company’s top line. The latest buyback scheme also reflects the company’s sound financial position. However, competition in the semiconductor market from major players such as Intel and Texas Instruments is a headwind." (7/27/2017)
• 2. Loop Capital analysts commented, "We attended Marvell Technology Group, LTD’s (MRVL) first ever analyst day in NYC on Friday, March 10 and despite the inclement weather it was very well attended. MRVL remains one of our favorite mid-cap ideas for 2017 and we came away from the analyst day with increased confidence in the story. We believe management hit all the right notes outlining the revenue growth drivers across the breadth of its businesses, levers in the model to drive continued improvements to GM and OM, and a solid capital allocation strategy. In addition to MRVL providing a much anticipated long-term model, MRVL guided full year F2018 revenue outlook to be up slightly YoY vs. the Street estimate of down -1% YoY and pulled in and tightened the range for both pro forma gross margin and OpEx in F2018." (3/16/2017)
• 3. Needham & Company LLC analysts commented, "Following Marvell's inaugural analyst day, in which management laid out its strategy to grow revenue, further streamline operations and increase capital returns to shareholders, we are upgrading our rating to Buy from Hold and establishing a $21 PT. We are fans of the new management team, assembled from a variety of industry leaders. We believe MRVL can drive growth in its core storage, networking and connectivity markets through share gains, targeting market transitions and entering new market segments. NG EPS should continue to increase over the next three years as management drives the business toward its new 30% OM and 30% FCF margin targets. Lastly, we believe increasing capital returns to shareholders coupled with the potential for accretive M&A further enhance potential upside in MRVL shares." (3/13/2017)
• 4. Cowen and Company analysts commented, "MRVL's first ever analyst day delivered on LT (C2019) financial model consistent with our $1.40 GAAP, while also highlighting better growth potential in the core biz and potential optionality around M&A (MLNX?). Given this new model (which is still conservative), we see a clear path to at least low $20's and raise our target from $20 to $21. Remains top idea in semis." (3/13/2017)
• 5. Citigroup Inc. analysts commented, "While new management team has done a good job in pruning low margin wireless biz and lowering opex amidst better than expected HDD storage demand, stock looks expensive in our view. We wait for core storage biz to show share stability and company to return to Y/Y revenue growth before turning constructive on the stock. MRVL trades at 14x P/E or above WDC/STX 10x on C18 EPS and in-line with storage + networking peer. On EV/FCF basis, MRVL trades at 17x or above WDC/STX 10x and peer 15x. MRVL will host analyst day on Mar 10th in NY next week. We expect company to discuss its growth and capital return strategy. Buy side expectations appear high with L/T financial model of 65% GM /30% OM vs. recent 60% / 20% performance." (3/6/2017)

Marvell Technology Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,764,388 shares, an increase of 17.4% from the July 14th total of 6,614,064 shares. Based on an average daily volume of 5,678,257 shares, the short-interest ratio is presently 1.4 days. Currently, 1.8% of the shares of the stock are short sold.

Some companies that are related to Marvell Technology Group include STMicroelectronics N.V. (STM), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), Microsemi Corporation (MSCC), United Microelectronics Corporation (UMC), Jabil Circuit (JBL), Coherent (COHR), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Semiconductor Manufacturing International Corporation (SMI), Monolithic Power Systems (MPWR), Cavium (CAVM) and Silicon Laboratories (SLAB).

Marvell Technology Group's management team includes the folowing people:

• Richard S. Hill, Independent Chairman of the Board, Interim Principal Executive Officer
• Matthew J. Murphy, President, Chief Executive Officer, Director
• Jean X. Hu, Chief Financial Officer
• Andrew Joseph Micallef, Chief Operating Officer
• Thomas F. Lagatta, Executive Vice President - Worldwide Sales and Marketing
• Dan Christman, Executive Vice President - Storage Business Group
• Christopher Koopmans, Executive Vice President - Networking and Connectivity
• Gary Ignatin, Senior Vice President - Corporate Development
• Neil Y. Kim, Chief Technology Officer
• Mitchell L. Gaynor, Chief Administration and Legal Officer

Marvell Technology Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.40%), BlackRock Inc. (4.54%), FMR LLC (2.91%), State Street Corp (1.87%), Contour Asset Management LLC (1.83%) and UBS Asset Management Americas Inc. (1.77%). View Institutional Ownership Trends for Marvell Technology Group.

Marvell Technology Group's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Arrowstreet Capital Limited Partnership, Dimensional Fund Advisors LP, American Century Companies Inc., BlackRock Inc., Teachers Advisors LLC, Glenview Capital Management LLC and Marshall Wace North America L.P.. View Insider Buying and Selling for Marvell Technology Group.

Marvell Technology Group's stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Renaissance Technologies LLC, Jennison Associates LLC, TimesSquare Capital Management LLC, TD Asset Management Inc., Contour Asset Management LLC, Quantitative Investment Management LLC and Sumitomo Mitsui Asset Management Company LTD. View Insider Buying and Selling for Marvell Technology Group.

Shares of Marvell Technology Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Marvell Technology Group stock can currently be purchased for approximately $15.82.